Practice Management

Rep. Jan Schakowsky, D-Ill., has introduced a bill that would levy taxes of 45 to 49 percent on millionaires and billionaires.

The Internal Revenue Service has recommended new procedures to electronic filers when e-filing for a repayment of the First-Time Homebuyer Credit.

A Maryland man who has managed professional basketball players and boxers since 1999 has pleaded guilty to tax evasion and fraud charges.

It’s comforting to know that tax reform is proceeding apace on several different fronts.

The Internal Revenue Service has released a proposed regulation that would give taxpayers up to 120 days to provide the IRS with an authorization permitting the disclosure of their tax returns and tax information to a designated third party.

House Ways and Means Committee Chairman Dave Camp, R-Mich., has proposed reducing the top individual and corporate tax rate to 25 percent.

The 64-year-old owner of a Maryland tax preparation business has been sentenced to 210 months in prison for a tax shelter scheme in which he colluded with an IRS revenue officer.

Intuit reported Thursday that it has seen an increase in the number of tax returns electronically filed by professional preparers so far this tax season.

CCH is warning office betting pools that any winnings they get from their picks in NCAA college basketball March Madness brackets count as taxable income.

IMGCAP(1)]Before 2007, James, the managing partner of a $2 million accounting firm, was happy.